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Titans 4U
Titans For You
Posted - 2009.06.26 05:56:00 - [1]
 

Edited by: Titans 4U on 04/09/2010 01:37:17

• Chapter 1 - Summary of Titans For You
• Chapter 2 - Background
• Chapter 3 - Corporate Governance
• Chapter 4 - Business Plan
• Chapter 5 - Statement of Assets
• Chapter 6 - Disclosure of Risks
• Chapter 7 - Regarding Disclosure of Main and Alts
• Chapter 8 - Exit Strategy
• Chapter 9 - Offering Details
• Chapter 10 - Launch Process

Chapter 1 - Summary of Titans For You

Titans For You <T4U> is a newly created corporation with the sole purpose of buying Titan BPOs, copying them to make BPCs and selling those BPCs.

Chapter 2 - Background

Most of you in MD will know me as Bad Bobby, some of you will know me by other names more relevant to my PvP activities in EVE.

I have invested in, launched, managed and secured a variety of ventures in MD over the years including:

Ugly Toys Holdings Discussion and IPO
Ugly Toys Holdings BOND
Small Gods Secured
TMPI Secured

I am the CEO of Ugly Toys <UGLY.>, Ugly Toys Holdings <UGLYH>, Bring Me Sunshine <BPCS>, The Dirty Rotten Scoundrels <TDRS> and Titans For You <T4U>.

Those that have been involved in Factional Warfare on the Amarr or Minmatar side will know me as Joe Public in The Dirty Rotten Scoundrels. At the height of our activity we were the highest performing corp in the Amarr militia dispite the fact we had less than 20 memebers. While TDRS still remains in FW, it is not active in that area anymore as we and are now focused on Piracy and Wormhole exploitation.

Furthermore, I am a director in the newly relaunched Firetech <FireT> that is currently making life more interesting for the inhabitants of Geminate and the surrounding low-sec.

Ugly Toys, for which I am best known in MD, was founded in the dim and distant past in order to provide additional funding for my PvP corps and their activities. We joined the ZZZ alliance and have maintained a network of high sec POSes both publicly and privately funded with excellent results, investors in Ugly Toys Holdings have benefited from the profits generated.

Chapter 3 - Corporate Governance

I am CEO and sole member of Titans For You.

I will be CEO of an additional corp whose identity will remain a secret for security reasons. This additional corp will be monitored by four trustees:

Shar Tegral (AKA Hawkblade)
Proton Power (AKA Evalf)
Amarr Citizen 155
Kazzac Elentria

These trustees will hold shares in the secret corp and will have un-subbed trial account alts with director roles within the corp.

There will be no other directors or members with significant roles.

Titans 4U
Titans For You
Posted - 2009.06.26 05:58:00 - [2]
 

Edited by: Titans 4U on 26/06/2009 06:28:11
Chapter 4 - Business Plan

Extensive discussion on various subjects pertaining to this venture has occured in this thread and I strongly suggest you have a read through it before you consider investing.

The business plan is essentially quite simple. I will be buying up to four Titan BPOs, depending on the amount of isk raised here, I will be copying them to make BPCs and I will be selling those BPCs. For the purpose of this plan I will be assuming that we obtain the full funding we are looking for, which is 265b, so as not to complicate the discription.

In order to provide some security for this operation and the valuable assets involved I will be locking down the BPOs under votes controlled by the trustees, I will be keeping the location of the POS and the indentity of the corp doing the copying secret, I will be transporting BPOs and BPCs one at a time and in the corp hangar of an Orca piloted by an alt that is not connected to any of my corps.

As it takes 4 months to copy a Titan BPC with a max skilled character using a POS lab and fitted with a copy time implant it will only be possible to generate profits every 4 months. In the first 8 months we will be producing 2 BPCs every 4 months. From month 8 we will be producing 4 BPCs every 4 months.

Pricing for Titan BPCs has been on the increase of late with prices reaching as high as 20b for a copy. Given that nerfs, changes in demand, changes in supply, competition and other factors are likely to change the price we can expect to obtain for a Titan BPO it the profits from this venture will vary over time. It is reasonable to expect something in the region of 10b-20b for each copy for the time being, our target figure being 15b for a copy. Therefore we project our first 12 months to yield:

4 months in: 2 copies = 30b
8 months in: 2 copies = 30b
12 months in: 4 copies = 60b
Total for first 12 months = 120b
%age return for first 12 months = 45%

Profits will be divided such that I will receive 6%, the trustees have been allocated a total of 4% and the shareholders will receive 90%. So far 3 of the 4 trustees have waived their right to claim their payment and their share will go to the shareholders instead.

Chapter 5 - Statement of Assets

Our assets at this time are limited to three characters involved in the operation: Titans 4U who is CEO of Titans For You and two alts whos identity will remain secret to protect the security of the operation. One alt will do the copying and the other will do the shipping in an Orca. The Orca will belong to me and will be handed over to this alt when needed and handed back when done.

Chapter 6 - Disclosure of Risks

There is a risk that the POS being used to copy the BPOs will be attacked. The BPOs themselves will not be at risk from such an attack as they will be stored and locked down in the corp office in an NPC station. However the POS and any BPCs currenty in production will be at risk. The POS location will be kept secret to reduce the chances of this and I will be fitting the POS with a formidable deathstar setup to discourage hostile acts.

There is a risk that the Orca being used to transport the BPOs and BPCs will be attacked. To limit the impact I will transport only one at a time and I will use all the techniques for avoiding such an attack.

There is a risk that I, or the trustees, will scam in one way or another. Obviously the trustees and the methods we are using have been devised to reduce the risks and impact of such an occurance but there is nothing we can do to completely eliminate this risk.

There is a risk that the Titan BPC market will die, in which case we would liquidate and recover whatever funds we can to repay investors.

Titans 4U
Titans For You
Posted - 2009.06.26 05:59:00 - [3]
 

Edited by: Titans 4U on 26/06/2009 06:42:35
Chatper 7 - Regarding Disclosure of Main and Alts

I will not be disclosing the identity of all my mains and alts for reasons of security. However, trustees involved in this operation and other MD notables are aware of the identities of many of my characters and will no doubt publish them if I were to scam.

Chapter 8 - Exit Strategy

If the Titan BPC market dies we will liquidate all assets and pay all recovered isk to our investors.

If I am hit by a bus the trustees will sub up their trial account directors and liquidate all assets and pay all recovered isk to our investors.

Chapter 9 - Offering Details

Shares will cost 1 million isk each.

The number of shares created will depend on the number of reservations we get. See the next chapter for details.

All profits, after management/trustee fees are taken will be paid to our shareholders.

Dividends will be paid as and when profits occur. This is expected to be every 4 months.

Chapter 10 - Launch Process

1. I will take reservations up to 265 billion isk in total. No isk is to be sent to anyone at this stage. This stage will run for 30 days or until all shares are reserved. The long duration is due to the large amounts of isk involved, the time it can take for people to gather their funds and to allow further time for discussion with shareholders.

2. Once we have finished reservations and found the limit of the available funding, we will decide on the number of BPOs to be involved in the operation. Each BPO will have a block of funding allocated to it as follows:

Block 1 = 70b (Leviathan BPO and setup costs)
Block 2 = 66b (Erebus BPO)
Block 3 = 68b (Avatar BPO)
Block 4 = 61b (Ragnarok BPO)

Only completely filled blocks will be used, partially funded blocks will have their reservations cancelled.

3. A vote will be held to create the required number of shares for the blocks we will be launching with.

4. Each block of funding will be requested, one block at a time, from those that have placed a reservation. Only those who's reservation falls within a particular block will be asked to send their isk. This will be used to purchase a BPO and that BPO will be locked down under trustee control before we go any futher and the shares for that block will be distributed. This way only one BPO will be unlocked at any one time and I will only have the funds for one BPO in my hands at any time during the launch. As there will be up to 4 rounds to this process, one for each block/BPO, I am allocating 15 days to this part of the process.

5. The project goes live.

Titans 4U
Titans For You
Posted - 2009.06.26 05:59:00 - [4]
 

Edited by: Titans 4U on 07/12/2009 07:45:02
[EDIT] I've removed the reservations list as it is no longer relevant since all shares have been sold and it was causing confusion.

Titans 4U
Titans For You
Posted - 2009.06.26 06:00:00 - [5]
 

Edited by: Titans 4U on 07/12/2009 07:46:13
[EDIT] Reservations list removed.

Amarr Citizen 155
Nordar Innovations.
Posted - 2009.06.26 06:08:00 - [6]
 

Confirming I will be acting as a trustee using a super secret alt character.

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2009.06.26 06:45:00 - [7]
 

Confirming that Titans 4U is me and this venture is being run by me.

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2009.06.26 06:50:00 - [8]
 

Edited by: Bad Bobby on 26/06/2009 07:16:47
I now declare this launch open and I am taking RESERVATIONS ONLY and NO ISK IS TO BE SENT TO ANYONE at this time.

Discussion can occur here or in the discussion thread it is entirely up to you, but I think it's better to keep it all in one place.

[EDIT] Fixed link

Kithran
Posted - 2009.06.26 07:13:00 - [9]
 

Can I reserve 100mil isk worth of shares?

Cheers

Kithran

Cayce Pollard
Posted - 2009.06.26 07:14:00 - [10]
 

reserving 200 shares

Jin Nib
Resplendent Knives
Posted - 2009.06.26 07:15:00 - [11]
 

Edited by: Jin Nib on 26/06/2009 07:24:32
Deleted as no longer relevent, cheers.

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2009.06.26 07:17:00 - [12]
 

Originally by: Jin Nib
Originally by: Bad Bobby
I now declare this launch open and I am taking RESERVATIONS ONLY and NO ISK IS TO BE SENT TO ANYONE at this time.

Discussion can occur here or in the discussion thread it is entirely up to you, but I think it's better to keep it all in one place.
Sorry to interupt but that links back to this thread. Embarassed I belive this is the proper link.?

Doh! Fixed it now.

Cobalt Sixty
Caldari
Perkone
Posted - 2009.06.26 07:27:00 - [13]
 

Reserving 10 shares.

Yukon Kornelius
Posted - 2009.06.26 07:58:00 - [14]
 

Please reserve 2,000 shares for me.

Regards,

Yukon Kornelius

Jastra
Gallente
Black Thorne Corporation
Black Thorne Alliance
Posted - 2009.06.26 08:02:00 - [15]
 

I'll reserve 100 shares (100 million ISK) worth as well please

Valnurana
Naraka Holdings
Naraka.
Posted - 2009.06.26 08:29:00 - [16]
 

Edited by: Valnurana on 26/06/2009 11:05:21
Reserving 50 shares please.

veldak hieranat
Posted - 2009.06.26 08:35:00 - [17]
 

I'd like to reserve 1000 shares (1B ISK).
Thanks

Luna Leecher
Posted - 2009.06.26 08:44:00 - [18]
 

Reserving 100 Shares please.

Marcus Baltar
Savaran Zhayedan Spah
Posted - 2009.06.26 08:49:00 - [19]
 

Please reserve me 100 shares (100,000,000 ISK).

Thanks.

LaVista Vista
Conservative Shenanigans Party
Posted - 2009.06.26 08:54:00 - [20]
 

This is such a ripoff.

My first IPO was called CAP4U(Capitals For you).

As such, I shall invest to the tune of 1 share. Please reserve that for me Smile

Gabriel Virtus
hirr
Posted - 2009.06.26 09:00:00 - [21]
 

Edited by: Gabriel Virtus on 26/06/2009 09:03:24
Enjoy losing 1% of total revenue from the project to people who essentially do nothing at all. While Bad Bobby does have a decent reputation in MD, He has never held this kind of ISK before. This is not a low risk investment and the return is low. Quick everyone, get in on the "trusted MD" circ-jerk.

The problem with this sort of investment, without worrying about scamming, is that it will take YEARS to recover the initial investment. We as a community do not know the condition of the titan market a year from now. CCP might nerf titans, or make them less appealing, in which case the returns will be even lower. There are many such ventures that have been proposed and in the coming months I am sure that Titan BPOs will become more and more supplied while the demand for titans is relatively constant.

In summary:

1. Scam risk, while small, is there. BB has never been trusted with this amount of ISK before. Not even close. We should try and limit the total public assets one person has at any one time. While people will respond with “the BPOs will be locked down,” the man will still receive the liquid ISK and/or transport the BPOs.

2. Market is volatile without CCP intervention. In the coming months, more and more Titan BPCs will be supplied. With such a long investment frontier, these sort of long term problems are very relevant.

3. CCP might nerf titans causing the demand for Titan BPOs and BPCs to drop and lowering already low returns.

4. With this sort of money on the line, wardecs could cause significant risk to already low returns.

5. The board is receiving 4% of revenue. 1% of 120B over a year is 1.2B for essentially doing nothing and also raising the risk of security leak.

BB and Titans 4U is not above scrutiny. This will have very low returns on ISK that will be invested over a long period of time with very limited liquidity. The only reason this might succeed is due to Bad Bobby’s reputation and/or the recent problems with banks.

Returns are too low to justify risks.

-GV

edit: I would like to reserve 10 shares :)

Ji Sama
Caldari
Tash-Murkon Prime Industries
Posted - 2009.06.26 09:11:00 - [22]
 

if im correct and we have 45 days from now to get the isk ready i would like to reserve 25B worth of bonds!

Estel Arador
Posted - 2009.06.26 09:12:00 - [23]
 

This is a historic opportunity.

Reserve 3 (three) shares for me please!

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2009.06.26 09:14:00 - [24]
 

Gabriel, your concerns are all correct, valid and have been detailed in the IPO document and related discussion thread.

However, this one is not accurate:
Originally by: Gabriel Virtus
5. The board is receiving 4% of revenue. 1% of 120B over a year is 1.2B for essentially doing nothing and also raising the risk of security leak.

3 of the 4 trustees have elected to perform this function for free. The 4th may yet do so, although they are under absolutely no pressure from me to make that choice as I feel that the level of payment involved is reasonable for the effort. Obviously I expect more isk per unit of effort than many others do, so everyone's opinion on that will differ.
Originally by: Gabriel Virtus
I would like to reserve 10 shares :)

This I believe is the right way to approach an investment oppertunity, consider the risks, don't ignore them and invest what you think is approriate considering those risks.

Ji Sama
Caldari
Tash-Murkon Prime Industries
Posted - 2009.06.26 09:14:00 - [25]
 

Edited by: Ji Sama on 26/06/2009 09:14:47
am i correct when i say the majority of the board has forfeitet their payment for dividend payout...?

edit: bobby answered this already!

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2009.06.26 09:17:00 - [26]
 

Originally by: LaVista Vista
I shall invest to the tune of 1 share. Please reserve that for me Smile

You cheap bastard. Very Happy
Originally by: Ji Sama
if im correct and we have 45 days from now to get the isk ready i would like to reserve 25B worth of bonds!

You can assume that you have 30 days to get the isk ready, not 45. The last 15 days will involve people handing over their isk in stages so we can purchase BPOs. I will take this reservation for now, just let me know if the amount needs to be revised.

Ji Sama
Caldari
Tash-Murkon Prime Industries
Posted - 2009.06.26 09:19:00 - [27]
 

rgr, ill hold the investment, and start liquidating.

Gabriel Virtus
hirr
Posted - 2009.06.26 09:21:00 - [28]
 

Originally by: Bad Bobby
Gabriel, your concerns are all correct, valid and have been detailed in the IPO document and related discussion thread.


I thought putting a summation of many topics raised in that thread in the IPO thread is a good idea. I am not trying to bust your balls... well yes I am because everyone should have their balls busted when wanted public monies. The risks are valid and should be considered.

Originally by: Bad Bobby
This I believe is the right way to approach an investment oppertunity, consider the risks, don't ignore them and invest what you think is approriate considering those risks.


I wanted 10 shares because I want to own a small piece of Bad Bobby. Mostly so I can ***** and moan about everything and be legitimized because I am an investor.

-GV

Roguehalo
Caldari
Roguehalo Ship Brokers
Posted - 2009.06.26 09:26:00 - [29]
 

100 shares please

Jin Nib
Resplendent Knives
Posted - 2009.06.26 09:34:00 - [30]
 

Thanks for ansewring my question, I'd like to reserve 40 shares please.


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